9.05k followers • 21 symbols Watchlist by Motif Investing
Companies developing robotic technology could benefit from increased demand in the industrial, defense and services sectors.
Curated by Motif Investing
The robots are coming! With advancements in automation technology, companies are finding they can employ machines that offer improved safety features, software interfaces, weight-lifting capabilities and dexterity. Already a million-and-a-half robots work in manufacturing assembly, and they're now finding a growing market in the defense sector's increasing embrace of drones. It's estimated that global spending on unmanned aerial vehicles will almost double over the next spending to $11.3 billion a year.
Major players are getting into the act. Google acquired eight robotics firms in the second half of 2013, while Amazon and DHL are testing drones for package delivery. Taiwan-based Foxconn, the company that assembles 40% of the world's consumer electronics, plans to buy a million robots during 2014-2017. Meanwhile, Apple plans to spend $10.5 billion on supply-chain robots and machinery to help make iPhones and iPads. Step aside, humans.
We identified US-listed stocks and American Depository Receipts of companies that are engaged in activities relevant to this watchlist's theme. We then filtered out companies that have a share price of less than $1.00 or a market capitalization less than $100 million, and excluded illiquid stocks by screening companies for liquidity i.e. average bid-ask spreads, dollar volume traded etc. Finally the proprietary Motif Optimization Engine determined the constituent stocks. Learn more about how we select our watchlists.Who made these selections?
Motif is an online brokerage built on thematic portfolios of up to 30 stocks and ETFs. Founded in 2010 by Hardeep Walia, Motif combines complex proprietary algorithms with skilled advisers to develop these thematic portfolios. Learn more about our team.How are these weighted?
First, we determined each company's percentage of total revenue derived from this watchlist's theme. Second, we applied a pure-play factor to give greater relative weight to companies that derive a higher percentage of their revenue from this theme. Finally, we weighted each company by its market capitalization adjusted for revenue exposure to the theme.
More details on how we build and weight watchlists are available here.
|Watchlist||Change today||1-month return||1-year return||Total return|
|Symbol||Company name||Last price||Change||% change||Market time||Volume||Avg vol (3-month)||Market cap|
|HON||Honeywell International Inc.||154.7||+2.12||+1.39%||3:18 pm GMT-4||1.78M||3.57M||108.57B|
|LMT||Lockheed Martin Corporation||384.18||+4.44||+1.17%||3:18 pm GMT-4||654.99k||1.50M||107.39B|
|ISRG||Intuitive Surgical, Inc.||683.07||-8.18||-1.18%||3:18 pm GMT-4||238.21k||655.13k||79.94B|
|NOC||Northrop Grumman Corporation||330.24||+3.90||+1.20%||3:18 pm GMT-4||849.46k||968.49k||55.06B|
|ABB||ABB Ltd||25.93||-0.10||-0.38%||3:18 pm GMT-4||635.56k||2.26M||55.05B|
|EMR||Emerson Electric Co.||66.09||+0.97||+1.49%||3:18 pm GMT-4||2.50M||3.11M||39.49B|
|ROK||Rockwell Automation, Inc.||222.95||+1.00||+0.45%||3:18 pm GMT-4||321.44k||901.49k||25.85B|
|TER||Teradyne, Inc.||86.68||-4.18||-4.60%||3:18 pm GMT-4||1.66M||2.22M||14.39B|
|CGNX||Cognex Corporation||66.79||-0.78||-1.15%||3:17 pm GMT-4||291.56k||1.06M||11.56B|
|NDSN||Nordson Corporation||198.97||+2.78||+1.42%||3:18 pm GMT-4||313.89k||352.91k||11.48B|
|ESLT||Elbit Systems Ltd.||136.03||-0.82||-0.60%||3:10 pm GMT-4||17.46k||25.39k||6.01B|
|SAIC||Science Applications International Corporation||83.02||+1.97||+2.43%||3:17 pm GMT-4||277.64k||741.27k||4.83B|
|BRKS||Brooks Automation, Inc.||55.8||-0.89||-1.57%||3:17 pm GMT-4||266.28k||497.20k||4.12B|
|IRBT||iRobot Corporation||71.72||-1.09||-1.50%||3:18 pm GMT-4||1.16M||822.40k||2.01B|
|AVAV||AeroVironment, Inc.||81||-2.10||-2.53%||3:17 pm GMT-4||109.26k||228.37k||1.95B|
|KAMN||Kaman Corporation||44.62||+0.28||+0.63%||3:18 pm GMT-4||74.44k||205.20k||1.23B|
|HOLI||Hollysys Automation Technologies Ltd.||12.155||-0.26||-2.05%||3:17 pm GMT-4||185.24k||258.66k||735.83M|
|OII||Oceaneering International, Inc.||5.76||+0.10||+1.77%||3:18 pm GMT-4||561.80k||1.64M||571.89M|
|ARAY||Accuray Incorporated||2.615||+0.03||+0.97%||3:18 pm GMT-4||235.37k||612.89k||236.70M|
|MZOR||Mazor Robotics Ltd.||-||-||-||6:07 pm GMT-4||-||-||-|
(Bloomberg) -- Aveva Group Plc is in advanced talks to acquire industrial software maker OSIsoft LLC for about $5 billion, according to people familiar with the matter.Aveva, which combined with Schneider Electric SE’s industrial software arm in 2018, has entered exclusive talks about a purchase of OSIsoft and could announce a deal within weeks, said the people, who asked not to be identified because the matter is private.Aveva, based in Cambridge, England, beat out several other industrial bidders, the people said. Emerson Electric Co. also considered an offer, people familiar with the matter said in June.Aveva confirmed the talks in a statement. “There can be no certainty that the discussions between Aveva and OSIsoft will lead to any agreement concerning the possible acquisition,” the company said.OSIsoft Founder and Chief Executive Officer J. Patrick Kennedy, along with minority owner SoftBank Group Corp., have been working with advisers on a potential sale of the company, Bloomberg News previously reported.SoftBank’s stake is held in its Vision Fund.Representatives for OSIsoft, SoftBank, Schneider and Kennedy declined to comment.The world’s biggest industrial companies have been acquiring technology firms for the past few years as they shift their focus from machinery to software and automation.Deals in the technology space have been resilient during the pandemic, with Analog Devices Inc. announcing a $20.9 billion transaction for rival chipmaker Maxim Integrated Products Inc. last month. Nvidia Corp. is in advanced talks to buy SoftBank-backed Arm Ltd., Bloomberg News reported last month.OSIsoft, based in San Leandro, California, sells software for use in sectors including oil and gas, utilities, manufacturing and pharmaceutical development, according to its website.SoftBank, which acquired a minority stake in the company in 2017, has been selling assets including a large chunk of its stake in T-Mobile US Inc. to finance stock buybacks and pay down debt. Its Vision Fund lost 1.9 trillion yen ($17.9 billion) last fiscal year after writing down the value of investments in firms including WeWork and Uber Technologies Inc.(Updates with Aveva statement in fourth paragraph, additional background in last paragraph.)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
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